Deposit rules / Georgia

Georgia security deposit rules

Georgia limits security deposits to 2 months' rent (for residential leases entered into or renewed on or after July 1, 2024; no cap for older leases). The deposit must be returned 30 days after the landlord obtains possession of the premises (termination of the tenancy and surrender/abandonment), with a written statement of any amounts retained, with an itemised list of any deductions. No interest is owed on the deposit under state law.

Maximum deposit
2 months’ rent
2 months' rent (for residential leases entered into or renewed on or after July 1, 2024; no cap for older leases)
Return deadline
30 days
30 days after the landlord obtains possession of the premises (termination of the tenancy and surrender/abandonment), with a written statement of any amounts retained
Interest
Not required
Statute

What the law requires

O.C.G.A. §§ 44-7-30, 44-7-30.1, 44-7-34

2 months' rent (for residential leases entered into or renewed on or after July 1, 2024; no cap for older leases). Returned 30 days after the landlord obtains possession of the premises (termination of the tenancy and surrender/abandonment), with a written statement of any amounts retained. HB 404, the 'Safe at Home Act' (2024), added § 44-7-30.1: 'No landlord shall demand or receive a security deposit in an amount that exceeds the equivalent of two months' rent.' Applies to residential leases entered into or renewed on or after July 1, 2024. Deposits must be held in an escrow account or secured by a surety bond (§§ 44-7-31, 44-7-32); landlords owning 10 or fewer units who self-manage are exempt from some requirements (§ 44-7-36). Bad-faith retention: treble damages plus attorney's fees (§ 44-7-35). § 44-7-30.1 text read from the enrolled bill on the Governor's site; §§ 44-7-30 and 44-7-34 read from the Findlaw code mirror (current through March 28, 2024).

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Related Georgia rules

Frequently asked questions

How much can a landlord charge for a security deposit in Georgia?

2 months' rent (for residential leases entered into or renewed on or after July 1, 2024; no cap for older leases). HB 404, the 'Safe at Home Act' (2024), added § 44-7-30.1: 'No landlord shall demand or receive a security deposit in an amount that exceeds the equivalent of two months' rent.' Applies to residential leases entered into or renewed on or after July 1, 2024. Deposits must be held in an escrow account or secured by a surety bond (§§ 44-7-31, 44-7-32); landlords owning 10 or fewer units who self-manage are exempt from some requirements (§ 44-7-36). Bad-faith retention: treble damages plus attorney's fees (§ 44-7-35). § 44-7-30.1 text read from the enrolled bill on the Governor's site; §§ 44-7-30 and 44-7-34 read from the Findlaw code mirror (current through March 28, 2024).

How long does a landlord have to return a security deposit in Georgia?

30 days after the landlord obtains possession of the premises (termination of the tenancy and surrender/abandonment), with a written statement of any amounts retained. The statute is O.C.G.A. §§ 44-7-30, 44-7-30.1, 44-7-34.

Does a Georgia landlord have to pay interest on the security deposit?

No. Georgia law does not require interest on residential security deposits.

Are pet deposits limited in Georgia?

Pet deposits are expressly included in the definition of 'security deposit' (O.C.G.A. § 44-7-30(3)), so they count toward the 2-month cap and are subject to the 30-day return rule.

Deposit rules in other states